The market doesn’t always go up and you work and live in one of the most volatile real estate markets in the country.

The other is my personal residence that I have about 25-30% equity in and am thinking about taking a small HELOC against.The stock market has been on quite a volatile ride lately and my portfolio has done well since I grabbed some more ETFs at the bottom a few months ago.

I know more than one person who has considered leaving California and moving nearer to home in hopes of settling down and possibly raising a family - and not just because they'll be closer to family.As you mentioned, real estate is notoriously volatile, and if you're a more conservative investor California is one of the last places in the country that's likely to feel comfortable.

A well-diversified portfolio can also provide a safety net during economic downturns, as real estate is less volatile compared to other investments such as stocks.By combining flipping and portfolio building, you can take advantage of the quick returns offered by flipping while also building a stable and long-term source of wealth through their portfolio.

@Russell Brazil I can't speak for Vegas much since I'm not there anymore, I find it likely that it'll be a highly volatile market since it's main source of income (tourism) has basically been turned off.

Property tax in CA is an already low ~1%, then once you factor in Prop 13 tax advantages, CA has some of the lowest effective property tax rates in the nation.San Diego appreciation is in both price and rents, and has exceeded inflation and national averages going on for decades now (with some volatility in between), so you will likely do better long term on both cash flow and equity ... factor that in with the reduced risk and costs of staying local where you can assess and control your investments, and you almost certainly will do better local so long as you don't over extend and have to sell in panic or give it back to the bank.

Real estate markets can get scary with a change of office and, considering the volatility in this year's campaign, it's safe to say there could be some upheaval in the financial world post-election.

I imagine yields will level out somewhere that compensates owners for 1) the cost of property management, and 2) revenue volatility (more on this below)- We will start to see 2 things happening in vacation markets where risk adjusted yield is higher than it “should” be:1) New entrants will pop up, increasing supply and lowering yield in markets with low barriers to entry for most investors regardless of when they purchased. 

Yes, market is volatile, interest rates are fluctuating, but the fact that we can't neglect is that banks are more regulated, lending practices are stricter, and the housing market is not based on a pile of risky mortgages. 

Sure there will be volatility, as is the human experience and the markets we love to screw with.But, hear me out:- AI and robotics are leveling up every day it seems.